The OTC Space | Category Archive

SEC advise EC and ESMA to consult on EMIR equivalency

May 16, 2013 by Maria Leontiou 1 Comment

“European authorities should consult on their approach to determining whether foreign derivatives regimes are equivalent to the European Market Infrastructure Regulation (EMIR) because these decisions have the power to break up the over-the-counter derivatives clearing system“. This is Eric Pan speaking, associate director in the office of international affairs at the US Securities and Exchange Commission […]

European Market Infrastructure Regulation, European Securities and Markets Authority, SEC

Is there a way to avoid regulatory arbitrage? Vol 2

April 21, 2013 by Maria Leontiou 1 Comment

A few days ago I did this post on Elisse Walter’s speech on regulation of cross-border OTC derivatives. On April 18, 2013, the Japanese Financial Services Agency, jointly with eight foreign authorities, sent a ministerial-level joint letter to U.S. Secretary of the Treasury Jacob J. Lew on the same topic frustrated ”at the lack of progress in developing […]

Commodity Futures Trading Commission, Dodd–Frank Wall Street Reform and Consumer Protection Act, Elisse B. Walter, Financial Services Agency, otc derivatives market, secretary of the treasury

Is there a way to avoid regulatory arbitrage?

April 11, 2013 by Maria Leontiou 2 Comments

Elisse Walter, Chairman of SEC, (profile here) spoke in Washington D.C, at the American Bar Association Spring Meeting and explained the reason why a middle ground should be sought when it comes to regulation of cross-border OTC derivatives. As she puts it, there is far too much at stake and the regulators of OTC derivatives across […]

Dodd Frank, News, Regulator, SEC

regulation

Swapclear Check-o-matic

April 5, 2013 by Bill Hodgson 3 Comments

If you have some rate swaps sitting idle, why not use the new service from SwapClear to check whether they are mandated for clearing? Click here

One Year On: Obama press release: CFTC and SEC to be merged into the SRMA | The OTC Space

April 1, 2013 by Bill Hodgson 2 Comments

Despite a year’s worth of planning and preparation this idea still hasn’t moved forward – without this happening I can’t see much progress on CDS margining for ICE or rule making at the ex-SEC. Obama press release: CFTC and SEC to be merged into the SRMA | The OTC Space.

Post Removed

April 1, 2013 by Bill Hodgson 2 Comments

This post has been removed. If you arrived here via a google search, please disregard any materials regarding the FSB from this page.

DF Timeline Request

March 27, 2013 by Bill Hodgson 2 Comments

Does any reader have a timeline similar to the one on EMIR (on the front page here) which can be published on the site? Or else a link to one also. Something which sets out the key dates for clearing, reporting, business conduct, Volker etc, for the three categories of organisation. Ideally covering the CFTC […]

CFTC, Dodd Frank, SEC

Buy-side hit with surprise initial margin levels on CDS right before mandatory clearing starts | Securities Finance Monitor

March 18, 2013 by Bill Hodgson 2 Comments

Good write up of the SEC move on margining single name CDS with their corresponding indices. Buy-side hit with surprise initial margin levels on CDS right before mandatory clearing starts | Securities Finance Monitor.

ICE, SEC

Jon Corzine Caused MF Global’s Bankruptcy and Put Customer Funds at Risk.

November 16, 2012 by Bill Hodgson 0 Comments

The House of Representatives Financial Services Committee investigation into the collapse of MF Global has published it’s report, the publication is here at their website, or download the PDF by clicking here. The title of this post above is their first finding and involves the following statement and recommendation: The futures market cannot function unless […]

Bankruptcy, CFTC, Regulation, SEC

Bankruptcy, Farmers, Jon Corzine, mf global, Missing Funds, segregation